Dangerous position

[Alley]

Kwackdick, did you buy back at $220 like I said?

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[brg444]

@brg444 We've all seen how well that scaling proposal went last time, and that's the drama caused when there is minimal adoption. Can you imagine the utter economic devastation a hard fork will cause when there is considerable more adoption?
These 'future' issues should be addressed asap if you ask me.

What proposal? The XT governance coup?

That wasn't exactly about scaling Bitcoin you know....

[8up]

70 cents, here we come Told you...

LOL what? An expected correction means $0.70?

Do you see that big mountain on the right of the chart? That mountain is going to crumble down in panic any time now. This is no correction man, just a bubble beginning to pop.

Price at that time ~$4 and on the way up from its low at $2. If kwuckduck is a real indicator, we will see a movement like in the second half of 2012!

[Fiat_Hodler]

70 cents, here we come Told you...

LOL what? An expected correction means $0.70?

Do you see that big mountain on the right of the chart? That mountain is going to crumble down in panic any time now. This is no correction man, just a bubble beginning to pop.

Price at that time ~$4 and on the way up from its low at $2. If kwuckduck is a real indicator, we will see a movement like in the second half of 2012!

Ouch if that was me I wouldnt show my face on this forum ever again... Such a sad sad story... We should pity him...

Ah well the show goes on .

[!! pop]

Kwackdick, did you buy back at $220 like I said?

Even earlier than that...

I dont care about gox.  I got my buy orders ready to rock at $500 on a real exchange.

[2double0]

Whatever price may be, it's all about people's sentiments and not the markets that move Bitcoins.
So, expecting a drop in recent times is invalid IMHO.

[Amph]

you were right the last time we returned to the inital point, but one of those rally, at the end will be the real rally, this is true for the law of the large numbers you know

since this is the 4th time already that we try to break 300, starting from this year, i'm sure that if this is not the case yet, the next one will be surely it, be prepared

[tvbcof]

...
@brg444 We've all seen how well that scaling proposal went last time, and that's the drama caused when there is minimal adoption. Can you imagine the utter economic devastation a hard fork will cause when there is considerable more adoption?
These 'future' issues should be addressed asap if you ask me.
...

Bitcoin probably would have started the slow steady phase of it's up-leg 6-12 months ago were it not for the disruption of the XT attack.  As it is, this attack will probably have the effect of cocking a gun and result in a upward correction that will leave a lot of people out for the next spike.  Seems like it's always something and the number of people who capitalize on a spike is a relatively small fraction of those who had the realistic potential to do so.  Oh well.

As for the scaling problems, they are a thing of the past due to subordinate chains and associated developments.  Most competant analysts will see this.  Day by day new analysts from all walks of financial life will finally have their interest piqued enough to look into Bitcoin.  A fraction of them will have the same reaction I did back in 2011.

tldr; Bitcoin is far from a sure-thing as a 'retirement event', but it's future is currently brighter than it's ever been as I read the tea leaves.

[Mickeyb]

Even though it seems that the block size increase debate is forgotten, I don't believe that devs have forgotten about it. That's why we have the upcoming block size conference in Hong Kong coming in the month of December.

I am sure that proposals will be made and consensus will be reached soon after this conference about this important question. Then we will see a real price increase!

[molecular]

I'd like to remind everyone to stay calm in these seemingly 'positive' times, most of the indicators including complex wave analysis show this trend is only short lasting and will drop down to previous levels (maybe up 5-15%) soon.

There are studies that show that complex prediction methodologies fare not better than simple ones.

Just saying... Predictions are hard to make, especially about the future.

[kwukduck]

Even though it seems that the block size increase debate is forgotten, I don't believe that devs have forgotten about it. That's why we have the upcoming block size conference in Hong Kong coming in the month of December.

I am sure that proposals will be made and consensus will be reached soon after this conference about this important question. Then we will see a real price increase!

Let's hope so, i consider it a serious roadblock right now. There are some interesting proposals but i'd be unable to point to one as being the best.

@molecular You're absolutely right there.

[Kevin77]

I'd like to remind everyone to stay calm in these seemingly 'positive' times, most of the indicators including complex wave analysis show this trend is only short lasting and will drop down to previous levels (maybe up 5-15%) soon.

There are studies that show that complex prediction methodologies fare not better than simple ones.

Just saying... Predictions are hard to make, especially about the future.

Yes knowing our future would be most complex mechanism. With respect to bitcoin it's a fifty-fifty situations. Price may go either directions. It's too hard to make a call. Better to wait then make any positions or square of any existing positions.

[dothebeats]

you were right the last time we returned to the inital point, but one of those rally, at the end will be the real rally, this is true for the law of the large numbers you know

since this is the 4th time already that we try to break 300, starting from this year, i'm sure that if this is not the case yet, the next one will be surely it, be prepared

How many times have we really been seeing those 'this time it's gonna be it' predictions? I think we will only surpass and leave $300 behind when the improvements on the protocol is made and is implemented. Until then we won't see 'the real deal' just like what others are pointing out.

[Feri22]

kwukduck if you are so long in bitcoin world and you are not bilionaire, you must be doing something wrong...maybe try to turn bullish and you will even earn some money one day...it could be nice change  after all the time being wrong

[btcxyzzz]

As a store of value, and that's the most important function of Bitcoin, 7 tps/s is not much of a problem which must be solved soon, some way or another. So you're simply FUDding because you probably sold your portion, right?

[disclaimer201]

Well, a little bit of a "dangerous position" indeed, I would say but for other reasons than the unsolved problems of scalability. There is still one more Silkroad auction from the Feds coming up in exactly one week. It might lead to a correction in the coming weeks. So, as others around here I do expect a nice rally before November 5th but some tiny bubble bursting in the days to come.

[pitbully2000]

I'd like to remind everyone to stay calm in these seemingly 'positive' times, most of the indicators including complex wave analysis show this trend is only short lasting and will drop down to previous levels (maybe up 5-15%) soon.

It's important to remember that bitcoin DOES NOT SCALE. Roger Ver's insane predictions may work in an ideal environment where the bitcoin protocol has been perfected. This has not happened in real life and probably will never happen because of the lack of development and technical obstacles. Bitcoin does not scale to the levels where it's reasonable value is around current price level.

Add to that several other protocol flaws you can be sure a drop is imminent when people start to realize their investment position is utterly weak when holding bitcoin.

Don't invest what you can't afford to lose.

K...it's late and I NEVER participate in any of these bull/bear debates, so please don't take this as either a challenge to be met w/soapbox response OR a dig meant derail your thread. I won't ask why you spend so much time trying to proclaim the evils of btc either. I will simply ask for some wisdom: I'm ignorant to the umbrella statement "bitcoin cannot scale" so I am honestly just asking you to expound. Help me understand and I will certainly take what you have to say and think about it without bias and will not challenge anything you have to say publicly.
 Im not arrogant enough to claim to understand your position, but I would be truly grateful if you could open this old bulls eyes and save me a ton of $ not to mention any more time I might otherwise spend in this land of fantasy.
 Believe me, the last year and a half I wish I never HEARD of Btc Lol...but seems you're the loudest anti btc poster these days and I need someone to save me from myself...so help me god, if you don't talk me down...I swear...I SWEAR I'll buy some more coin tomorrow! Yeah...at the TOP of this latest pump and dump!
 Please Mr duck...HELP ME!

This place would be no fun w/out people like you...glad to have metcha!

[shamati]

Now pump and dump.

Still investor make money in this game  

[bitcon]

kwukduck only mentions Willybot, but fails to acknowledge Eurobot or the many fatfingers / whale dumps that have made many patient people with low buy orders set a lot of cheap Bitcoins and easy profits.

[molecular]

kwukduck only mentions Willybot, but fails to acknowledge Eurobot or the many fatfingers / whale dumps that have made many patient people with low buy orders set a lot of cheap Bitcoins and easy profits.

haha, after all this time I just now realized your avatars beard and mask spell "BC". Well done